201607.05
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Life Estate Deeds

The Life-Estate Deed is a tool for Probate Avoidance and Medicaid-Planning. The owner of Real Estate deeds it to children (or other beneficiaries) while retaining the life-time right to use the property. The retained right to use the property is the “Life-Estate” and the holder is called the “Life Tenant.” The beneficiaries on the deed…

201603.15
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Medicaid Misconceptions

There are many misconceptions about the Medicaid program (called MassHealth in Massachusetts). It is a complex Federal/State program controlled by multiple laws and regulations. The rules vary from state to state and, most importantly, they change over time. What worked for someone else may not work for you as the rules were different in the…

201603.15
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What will your Long Term Care Cost?

A USA Today headline says that Dementia care could cost $730,000! That’s a scary number that should make you want to plan for your aging needs. However, is it really a valid estimate? The newspaper got that number by using Genworth Financial’s figure of $91,250 for full-time (24 hour) care for eight years. Many Massachusetts…